[myth_buster]

  If there is an adjustment in valuations across the industry, 
  it should not effect the public markets the way it did in 2000. 

Isn't this only in the case where the said unicorn is not IPO'd. Like in the case with Groupon which lost 85% of it's value since IPO, the public market is affected.

If these 59 unicorns go public and begin to loose money, they would effectively trigger a domino I believe.

Like the VCs who get in during the E/F rounds, the general public is also susceptible to similar behavior.

[neelm]

Yes that is true. You're exposing an assumption of mine which is that many of these companies will not necessarily IPO.

However even when they do, they will be a lot more operating history and financial information than what companies typically had in 2000. This is why you're seeing some recent tech IPOs that went public at a valuation lower than their last private round. An example of this is Hortonworks.

[myth_buster]

I hope this becomes the norm but I'm a bit wary as IPO conversion provisions [0] may come into play.

[0] https://www.fenwick.com/publications/pages/the-terms-behind-...